Intro to Econ vocabulary

Intro to Econ vocabulary

9th - 12th Grade

13 Qs

quiz-placeholder

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Intro to Econ vocabulary

Intro to Econ vocabulary

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Donna Sanders

Used 3+ times

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13 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which of the following are examples of needs

I-Phone

Food

Work

Crunchwrap Supreme

Shelter

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The condition that results from society not having enough resources for both wants and needs

Economics

There Is No Such Thing As A Free Lunch

Scarcity

Opportunity Costs

3.

OPEN ENDED QUESTION

30 sec • 1 pt

Explain the economic concept of "There is No Such Thing As a Free Lunch"

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4.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Because we live in a society of scarce resources, what are the three basic questions surrounding production?

What to produce

How fast to produce

How expensive to produce

How to produce

For whom to produce

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which of the following are examples of wants

Shelter

Pizza

Vans shoes

Clothing

Food

6.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

This social science is the study of how people try to satisfy what appears to be seemingly unlimited and competing wants, through the careful use of relatively scarce resources.

7.

OPEN ENDED QUESTION

1 min • 1 pt

BONUS: How is economics fundamentally about choices?

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